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Cornière, Alexandre de; Taylor, Greg - Department of Economics, Oxford University - 2013

Competition authorities all over the world worry that integration between search engines (mainly Google) and publishers could lead to abuses of dominant position. In particular, one concern is that of own-content bias, meaning that Google would bias its rankings in favor of the publishers it...

Persistent link: https://www.econbiz.de/10011004347

Multiproduct Cournot Oligopoly

Myatt, David P.; Johnson, Justin P. - Department of Economics, Oxford University - 2005

We present a general Cournot model in which each firm may sell multiple quality-differentiated products. We use an upgrades approach, working not with the actual products, but instead with upgrades from one quality to the next. The properties of single-product Cournot models carry over to the...

Persistent link: https://www.econbiz.de/10005047879

Entry and Exit in Grocery Retailing: Local Pre-Emption and Social Efficiency

Smith, Howard - Department of Economics, Oxford University - 2000

This paper develops an asymmetric price setting oligopoly model of store opening and closure decisions in the UK supermarket industry which is estimated using a survey of consumer choices and a dataset of store characteristics. The model is used to examine the strategic local entry and exit...

Persistent link: https://www.econbiz.de/10010605032

Contractual Institutions, Financial Development and Vertical Integration: Theory and Evidence

Macchiavello, Rocco - Department of Economics, Oxford University - 2008

This paper presents an industry equilibrium model of vertical integration under contractual imperfections with specific input suppliers and external investors. I assume that vertical integration economizes on the needs for contracts with specific input suppliers at the cost of higher fixed...

Persistent link: https://www.econbiz.de/10005047738

Vertical Integration, Missing Middle and Investor Protection in Developing Countries

Macchiavello, Rocco - Department of Economics, Oxford University - 2007

The industrial organization of developing countries is characterized by: (i) pervasive use of subcontracting arrangements among small firms, (ii) "missing middle" in the firm size distribution, and (iii) financially constrained firms. This paper studies an incomplete contract model in which...

Persistent link: https://www.econbiz.de/10005047877

Relational Incentive Contracts

Malcomson, James - Department of Economics, Oxford University - 2010

This chapter reviews the literature on the theory of relational incentive contracts. It motivates the discussion by the classic applications of relational contracts to the GM-Fisher Body relationship and the relationships between Japanese automobile manufacturers and their subcontractors. It...

Persistent link: https://www.econbiz.de/10008671389

List Prices, Bargaining and Resultant Productivity Diffusion Delay

Thanassoulis, John - Department of Economics, Oxford University - 2005

List prices are not completely credible as take it or leave it prices: buyers are able to seek reductions by bargaining …

Persistent link: https://www.econbiz.de/10004977849

Too Many Bargainers Spoil The Broth: The Impact of Bargaining on Markets with Price Takers

Gill, David; Thanassoulis, John - Department of Economics, Oxford University - 2007

those who don`t bargain and the bargained prices for those who were already bargaining rise: sellers have a greater … Authority exhortations to bargain can therefore be misplaced. We also consider the implications for optimal seller bargaining. …

Persistent link: https://www.econbiz.de/10004977885

Bargaining Microfoundations for Productivity Dispersion

Thanassoulis, John - Department of Economics, Oxford University - 2006

This paper analyses the implications of bargaining between buyers and sellers on the competitive outcome in a … homogeneous good industry. Bargaining creates a competitive equilibrium in which some inefficient sellers coexist with efficient … price dispersion but transaction price uniformity. The bargaining models is not observationally equivalent to Bertrand …

Persistent link: https://www.econbiz.de/10004977892

Competition in Posted Prices With Bargaining

Gill, David; Thanassoulis, John - Department of Economics, Oxford University - 2013

prices and increasingprofits. Welfare falls because of the uncertainty in the bargaining process, which generates …

Persistent link: https://www.econbiz.de/10011133058